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Side-by-side financial comparison of MOVADO GROUP INC (MOV) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $152.8M, roughly 1.2× Riot Platforms, Inc.). MOVADO GROUP INC runs the higher net margin — 5.1% vs -452.0%, a 457.1% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs 1.9%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 2.9%).
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
MOV vs RIOT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.1M | $152.8M |
| Net Profit | $9.6M | $-690.7M |
| Gross Margin | 54.3% | — |
| Operating Margin | 6.3% | -447.9% |
| Net Margin | 5.1% | -452.0% |
| Revenue YoY | 1.9% | 7.2% |
| Net Profit YoY | 89.8% | -606.3% |
| EPS (diluted) | $0.42 | $-1.89 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $186.1M | $152.8M | ||
| Q3 25 | $161.8M | $180.2M | ||
| Q2 25 | $131.8M | $153.0M | ||
| Q1 25 | $181.5M | $161.4M | ||
| Q4 24 | $180.5M | $142.6M | ||
| Q3 24 | $157.0M | $84.8M | ||
| Q2 24 | $134.4M | $70.0M | ||
| Q1 24 | $175.8M | $79.3M |
| Q4 25 | $9.6M | $-690.7M | ||
| Q3 25 | $3.0M | $104.5M | ||
| Q2 25 | $1.4M | $219.5M | ||
| Q1 25 | $8.1M | $-296.4M | ||
| Q4 24 | $4.8M | $136.4M | ||
| Q3 24 | $3.5M | $-154.4M | ||
| Q2 24 | $2.0M | $-84.4M | ||
| Q1 24 | $9.8M | $211.8M |
| Q4 25 | 54.3% | — | ||
| Q3 25 | 54.1% | — | ||
| Q2 25 | 54.1% | — | ||
| Q1 25 | 54.2% | — | ||
| Q4 24 | 53.5% | — | ||
| Q3 24 | 54.3% | — | ||
| Q2 24 | 54.3% | — | ||
| Q1 24 | 53.5% | — |
| Q4 25 | 6.3% | -447.9% | ||
| Q3 25 | 2.5% | 44.4% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 5.1% | -144.9% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.7% | -143.3% | ||
| Q2 24 | 1.6% | -167.2% | ||
| Q1 24 | 6.1% | — |
| Q4 25 | 5.1% | -452.0% | ||
| Q3 25 | 1.8% | 58.0% | ||
| Q2 25 | 1.1% | 143.4% | ||
| Q1 25 | 4.4% | -183.6% | ||
| Q4 24 | 2.7% | 95.7% | ||
| Q3 24 | 2.2% | -182.1% | ||
| Q2 24 | 1.5% | -120.6% | ||
| Q1 24 | 5.6% | 267.1% |
| Q4 25 | $0.42 | $-1.89 | ||
| Q3 25 | $0.13 | $0.26 | ||
| Q2 25 | $0.06 | $0.58 | ||
| Q1 25 | $0.36 | $-0.90 | ||
| Q4 24 | $0.21 | $0.39 | ||
| Q3 24 | $0.15 | $-0.54 | ||
| Q2 24 | $0.09 | $-0.32 | ||
| Q1 24 | $0.44 | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $183.9M | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | $497.5M | $2.9B |
| Total Assets | $751.9M | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.9M | $233.5M | ||
| Q3 25 | $180.5M | $330.7M | ||
| Q2 25 | $203.1M | $255.4M | ||
| Q1 25 | $208.5M | $163.7M | ||
| Q4 24 | $181.5M | $277.9M | ||
| Q3 24 | $198.3M | $355.7M | ||
| Q2 24 | $225.4M | $481.2M | ||
| Q1 24 | $262.1M | $688.5M |
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $497.5M | $2.9B | ||
| Q3 25 | $489.9M | $3.5B | ||
| Q2 25 | $493.2M | $3.3B | ||
| Q1 25 | $481.3M | $2.9B | ||
| Q4 24 | $491.3M | $3.1B | ||
| Q3 24 | $492.0M | $2.7B | ||
| Q2 24 | $489.6M | $2.6B | ||
| Q1 24 | $505.9M | $2.5B |
| Q4 25 | $751.9M | $3.9B | ||
| Q3 25 | $748.7M | $4.5B | ||
| Q2 25 | $747.2M | $4.3B | ||
| Q1 25 | $729.2M | $3.7B | ||
| Q4 24 | $747.2M | $3.9B | ||
| Q3 24 | $742.5M | $2.9B | ||
| Q2 24 | $736.0M | $2.7B | ||
| Q1 24 | $756.5M | $2.6B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.3M | $-572.9M |
| Free Cash FlowOCF − Capex | $11.6M | $-774.3M |
| FCF MarginFCF / Revenue | 6.2% | -506.6% |
| Capex IntensityCapex / Revenue | 0.4% | 131.8% |
| Cash ConversionOCF / Net Profit | 1.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | $35.3M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $-572.9M | ||
| Q3 25 | $-3.8M | $-114.0M | ||
| Q2 25 | $-7.2M | $-231.3M | ||
| Q1 25 | $39.1M | $-122.1M | ||
| Q4 24 | $-4.7M | $-255.1M | ||
| Q3 24 | $-17.8M | $-56.3M | ||
| Q2 24 | $-18.1M | $-42.5M | ||
| Q1 24 | $69.4M | $-57.9M |
| Q4 25 | $11.6M | $-774.3M | ||
| Q3 25 | $-5.1M | $-139.7M | ||
| Q2 25 | $-8.7M | $-291.7M | ||
| Q1 25 | $37.5M | $-154.9M | ||
| Q4 24 | $-7.2M | $-495.4M | ||
| Q3 24 | $-20.1M | $-127.6M | ||
| Q2 24 | $-19.7M | $-96.1M | ||
| Q1 24 | $67.8M | $-115.2M |
| Q4 25 | 6.2% | -506.6% | ||
| Q3 25 | -3.1% | -77.5% | ||
| Q2 25 | -6.6% | -190.7% | ||
| Q1 25 | 20.7% | -96.0% | ||
| Q4 24 | -4.0% | -347.5% | ||
| Q3 24 | -12.8% | -150.5% | ||
| Q2 24 | -14.7% | -137.2% | ||
| Q1 24 | 38.6% | -145.2% |
| Q4 25 | 0.4% | 131.8% | ||
| Q3 25 | 0.8% | 14.3% | ||
| Q2 25 | 1.2% | 39.5% | ||
| Q1 25 | 0.9% | 20.4% | ||
| Q4 24 | 1.4% | 168.6% | ||
| Q3 24 | 1.5% | 84.1% | ||
| Q2 24 | 1.2% | 76.5% | ||
| Q1 24 | 0.9% | 72.3% |
| Q4 25 | 1.28× | — | ||
| Q3 25 | -1.27× | -1.09× | ||
| Q2 25 | -5.08× | -1.05× | ||
| Q1 25 | 4.86× | — | ||
| Q4 24 | -0.98× | -1.87× | ||
| Q3 24 | -5.14× | — | ||
| Q2 24 | -8.97× | — | ||
| Q1 24 | 7.06× | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
